What Makes Converge Different?
Converge is built with a fresh approach to speed, cost, and flexibility. It aims to support the fast-growing DeFi and RWA markets by offering better transaction performance and lower fees.
Here’s a breakdown of its main features:
|
Feature |
Details |
|
Transaction Settlements |
Handled by Celestia, a modular data availability network |
|
Asset Transfers |
Stablecoins and NFTs move on Ethereum Layer 1 |
|
Gas Fees |
Paid using two stablecoins — USDe and USDtb |
|
Transaction Speed |
100 milliseconds per block at launch, aiming for 50 milliseconds soon |
|
Network Security |
Validators lock up sENA (staked Ethena token) to secure the network |
|
Developer Support |
Future upgrade (Stylus) to support coding in Solidity, Rust, C, and C++ |
Instead of using a volatile native token like ETH for gas, Converge uses two stablecoins. This keeps transaction fees predictable and affordable. That’s a big advantage for businesses and regular users dealing with real-world assets.
The network also plans to host a variety of decentralized apps (dApps) and financial services. One of the first big names joining is Ethereal DEX, a decentralized exchange built for Converge.
Arbitrum Keeps Moving Forward in a Competitive Space
The launch of Converge comes at a time when Ethereum Layer 2 networks are growing rapidly. However, competition is getting tougher.
According to recent data:
- Ethereum Mainnet processed an average of 14.10 User Operations Per Second (UOPS) last year.
- Coinbase’s Layer 2 chain Base averaged 83.99 UOPS and hit a high of 155.44 UOPS this year.
Even though Arbitrum One, Arbitrum’s main rollup network, saw a 35.9% drop in 30-day usage, it remains one of the top Layer 2 platforms. Activity on Arbitrum resumed later in 2024, showing that confidence in Layer 2 scaling is still strong.
Another sign of Arbitrum’s longevity manifested this week when Robinhood listed Arbitrum’s ARB token for trading. In the wake of the news, the price of ARB jumped by nearly 14%. Trading volume also climbed by 6.84%, reaching over $115 million.
At the time of reporting, ARB was the only crypto token with a modest gain of 0.11%, trading at $0.2808.
What’s Next for Arbitrum and Converge?
Market experts believe the demand for Arbitrum and its Converge network will continue to rise. Additionally, the upcoming Ethereum Pectra upgrade, expected before May 7, should strengthen the entire Ethereum ecosystem. It’s likely to benefit both Ethereum and its Layer 2 networks, including Arbitrum.
With faster transactions, lower fees, and growing developer tools, Converge could become a major player in DeFi’s next wave.
https://www.coinbackyard.com/wp-content/uploads/2025/04/arbitrum-ftr-1.jpg.webp
2025-04-19 13:00:00
